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Reckson's cash dividend.

Reckson Associates Realty Corp., one of the largest publicly traded owners, managers and developers of Class A office properties in the New York Tri-State area, announced that the company's board of directors has declared a quarterly cash dividend on the company's common stock of $0.4246 per share payable on October 20, 2006 to its stockholders of record as of October 5, 2006.

The dividend is based on an annualized dividend rate of $1.6984 per share.

On August 3, 2006, Reckson and SL Green Realty Corp. announced that they entered into a definitive agreement pursuant to which SL Green will acquire Reckson. The transaction is expected to close in January 2007 .
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Publication:Real Estate Weekly
Date:Sep 27, 2006
Words:112
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